{"id":23009,"date":"2025-05-27T06:16:30","date_gmt":"2025-05-27T06:16:30","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=23009"},"modified":"2025-05-27T06:16:30","modified_gmt":"2025-05-27T06:16:30","slug":"nasdaq-drifts-lower-as-nvidia-earnings-loom","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/nasdaq-drifts-lower-as-nvidia-earnings-loom\/","title":{"rendered":"Nasdaq Drifts Lower as Nvidia Earnings Loom"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/indices6-1024x559.png\" alt=\"\" class=\"wp-image-16990\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nasdaq 100 closed at 21,145.85, slipping 0.49% after reaching an intraday high of 21,250.90.<\/li>\n\n\n\n<li>President Trump\u2019s delay on EU tariffs fuels early optimism, but price action turns defensive ahead of Nvidia\u2019s earnings and Fed commentary.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>U.S. tech stocks struggled to extend gains on Tuesday, with the Nasdaq 100 closing 0.49% lower at 21,145.85. The index had opened at 21,250.90 and briefly tested that level again before easing into the red. Markets initially rose after President Donald Trump backed away from imposing 50% tariffs on European Union imports starting June 1, restoring a July 9 deadline for trade negotiations.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">With only six weeks before a total trade clash, EU and US agreed to fast track negotiations as both sides are still trying to find some common ground to resolve the dispute triggered by Trump&#39;s tariff offensive <a href=\"https:\/\/t.co\/CTvvqmhrXB\">https:\/\/t.co\/CTvvqmhrXB<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1927230893292192082?ref_src=twsrc%5Etfw\">May 27, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Thin Holiday Liquidity Meets Month-End Flows<\/h2>\n\n\n\n<p>U.S. markets remained closed for Memorial Day, and UK markets were shut as well, contributing to a lack of volume overnight. Despite the lull, futures rallied: Nasdaq futures were up 1.26%, S&amp;P 500 futures gained 1.11%, and FTSE futures climbed 0.94%.<\/p>\n\n\n\n<p>IG\u2019s Tony Sycamore noted that the <a href=\"https:\/\/t.co\/JF0XcB49jv\">delay in EU tariffs lifted sentiment temporarily<\/a>, but investors are already looking ahead to month-end rebalancing and Nvidia\u2019s upcoming earnings. Nvidia is forecast to report a 65.9% year-on-year jump in Q1 revenue on Wednesday. With the chipmaker seen as the bellwether for the AI sector, its results could heavily sway tech sentiment this week.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>The Nasdaq 100 (NAS100) staged a sharp rebound from the <strong>20679.4 low<\/strong> on the 24th of May, reclaiming ground above the key psychological <strong>21000<\/strong> level. Momentum carried the index to a peak of <strong>21266<\/strong>, but price action has since turned sideways and slightly lower, forming a gradual descending channel.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-29-1024x438.jpg\" alt=\"\" class=\"wp-image-23010\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: NAS100 pulls back from 21266 peak as momentum fades; support at 21100 now under pressure, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The MACD histogram shows flattening momentum, and the signal lines are converging, hinting at indecision or a potential pullback. Price is currently sitting just above minor support around <strong>21100<\/strong>, and a clean break below this level may expose <strong>20950\u201321000<\/strong> as the next downside target. Bulls will need to reclaim <strong>21250<\/strong> to revive upward momentum.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Outlook Ahead of Nvidia, Fed, and PCE Data<\/h2>\n\n\n\n<p>With Nvidia\u2019s results <a href=\"https:\/\/t.co\/gwZWEqSQQi\">due mid-week<\/a> and multiple Federal Reserve speakers scheduled, traders may remain on the sidelines until clearer direction emerges. Friday\u2019s <a href=\"https:\/\/www.bea.gov\/data\/personal-consumption-expenditures-price-index-excluding-food-and-energy\">core PCE inflation data<\/a> will also be key in shaping expectations for future interest rate moves.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*1azgbap*_gcl_au*NjE5NTE3MjY4LjE3NDQ2MDA3NDI.*_ga*MTY4OTgwNTU5Mi4xNzM2NzQ2MTgy*_ga_J26NL1ZVX7*czE3NDQ5NDQ0NTYkbzEyMCRnMCR0MTc0NDk0NDQ1NiRqNjAkbDAkaDA.\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq 100 pulls back after hitting resistance at 21,266. Asian markets cautious while U.S. tech futures initially rebound on tariff relief. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":16990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[11],"class_list":["post-23009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-indices"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/23009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=23009"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/23009\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/16990"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=23009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=23009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=23009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}